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When a Wire Transfer Is Involved,what Happens If a Receiving

Question 19

Multiple Choice

When a wire transfer is involved,what happens if a receiving bank mistakenly pays a greater amount to the beneficiary than ordered?


A) The originator is liable for the entire amount paid, and has no right of recovery.
B) The originator is liable for the entire amount paid, but may recover only from the person or company who ordered the wire transfer.
C) The originator is liable for the entire amount, but may recover only from the improper beneficiary.
D) The originator is liable for only the amount he or she instructed to be paid.
E) The originator is not liable for any amount, and the transaction is void.

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